The Pell grant program is restricted to undergraduate students who have yet to complete their first bachelor's degree program. Students may not apply for Pell grants for more than one school at a time. In most cases, graduate students do not qualify for Pell grants, but there are exceptions.
Graduate students may apply for a Pell grant if their course of study will conclude with the award of a teaching license or certificate. Thus, following a graduate-level teaching program in a state university system will qualify a student for a Pell grant
Read more: Can I Get a Pell Grant for Graduate School? | eHow.com http://www.ehow.com/about_7523985_ca...l#ixzz2JjqLRGB
Most schools, for-profit or not, couldn't care less where the money comes from as long as it comes in.
An explanation of Sallie Mae, which is a corporation that manages and makes student loans.
How long you have to pay and how much you have to pay each month varies depending on the payment plan you choose or the terms set by the lending institution